Paycheck Deductions Primer for New Workers and W-4 Details
A concise guide explains W-4 choices and withholding allowances, FICA components, federal and state taxes, pre tax and after tax deductions, and net pay. It clarifies how allowances affect take home pay and notes that Medicare tax is 1.45 percent with no cap while Social Security tax tops at 6.2 percent of wages up to $84,900.
MENTIONED IN THIS ARTICLE
Amt
United Way
Online tax filing services draw users with free trial premise
Internet tax filing firms H R Block Intuit and CompleteTax dot com entice users to input numbers online with no charge until a return is printed or e filed. Fees range from ten to thirty dollars for federal returns. Online services promise convenience and security with optional paid add ons.
MENTIONED IN THIS ARTICLE
H&r
Intuit
Quicken
CompleteTax.com
Uncle Sam
Aaron Horvath
H&r Block
Turbotax.com
Elizabeth Cabrera
Kansas City
Useful Tax Web Sites For Taxpayers And Pros Alike
A roundup of tax information sites including Roth IRA and Tax and Accounting directories. It highlights IRS at irs.gov with W-4 calculator and forms, stock option guidance at StockOption Advisors, Fairmark for investors, MyStockOptions for options news, ReformAMT lobbying, and the National Association of Tax Professionals directory.
MENTIONED IN THIS ARTICLE
Roth Ira
Rothira
Brentmark Software
Taxsites
Dennis Schmidt
University of Northern Iowa
TaxPlanet.com
Gary Klott
New York Times
Internal Revenue Service
Irs.gov
Stockoptionadvisors
CPA
Michael C. Gray
Fairmark Press
Fairmark
Kaye Thomas
MyStockOptions.com
Reformamt
Reformamt.org
California
Silicon Valley
Congress
National Association of Tax Professionals
Taxprofessionals.com
Cpas
Taxes in April: how 2001's losses linger for filers
The piece explains how a weak economy, layoffs, and stock declines could push taxpayers into higher taxes on unemployment and severance benefits, 401(k) withdrawals, rollover mishaps, exercised stock options, and AMT. It warns that hardship withdrawals, insufficient savings, and AMT rules may affect refunds or liabilities, including home equity loan interest deductions.
MENTIONED IN THIS ARTICLE
Uncle Sam
Year-Round Tax Guides For Smart Filers In 2002
Chuck Myers previews several current books on year round tax advice. DeJong and Jakabein cover broad topics with strategies for 2002. Lews and Maranjian offer basics, deductions, and retirement rules. Schnepper details tax breaks under the code and audit avoidance tips. Kaplan and Weiss discuss IRS misconceptions and audit profiles.
MENTIONED IN THIS ARTICLE
David S. DeJong
Ann Gray Jakabein
John Wiley & Sons
Motley Fool
Roy A. Lews
Selena Maranjian
the Motley Fool, Inc
Jeff A. Schnepper
McGraw Hill
IRS
Martin S. Kaplan
Naomi Weiss
Vuillard
Also Mentioned on This Page
the Color of Money
Michelle Singletary
Singletarym
Hpost.com
Internet
Knight Ridder Newspapers
Horvath
Chuck Myers
Alice